What did the Presidents, Congress and the Fed intend to achieve through these fiscal policy measures? What was initially (in the short term) accomplished with the economic stimulus package? In other words, what happened to aggregate demand? Explain the impacts by choosing the graph of the aggregate demand and supply model that best illustrates the increase in money supply that the implemented fiscal policy entailed. You may cite the graph number and page or copy and paste the graph. On the other hand, what happened to economic growth in the short run? What happened to the unemployment rate? Why? Discuss the issue using the short-run Phillips curve. As the months passed, what was the impact on inflation? What has the Fed had to do to "cool" the economy? What impact is intended by raising interest rates? Explain the impact of rising interest rates on savings, investment and consumption. What is the risk of tight monetary policy (i.e., raising interest rates)? Discuss systemic banking risk